Intelsat Appoints McDonnell as CFO
Intelsat, Ltd., announced that Michael McDonnell has been appointed Executive Vice President and Chief Financial Officer, with an expected effective date of November 17, 2008. In this position, McDonnell will be responsible for the overall management of Intelsat’s financial operations, including the accounting, treasury, financial planning and information technology functions.
McDonnell joins Intelsat from MCG Capital Corporation, a publicly-held commercial finance company, where he served as Executive Vice President and Chief Operating Officer/Chief Financial Officer. Prior to joining MCG Capital in 2004, McDonnell served as the Chief Financial Officer of direct-to-home satellite television operator EchoStar Communications Corporation, now known as DISH Network Corporation. During his tenure at EchoStar, the company realized more than 100% revenue growth in a four-year period and closed nearly $7 billion of convertible debt, high-yield and equity transactions. Earlier in his career, McDonnell held several positions at PricewaterhouseCoopers, LLP, where he was admitted as a partner in 1996 and was responsible for audit and related services for technology clients.